Patouhas John 4

What Happened John Patouhas, Chief Accounting Officer of Gates Industrial Corp plc (GTES), was granted 6,166 time‑based restricted stock units (TBRSUs) on March 4, 2026. The grant is reported as an award (derivative) with a $0.00 purchase price — these TBRSUs represent a contingent right to receive ordinary shares (or cash) in the future rather than immediate stock ownership.

Key Details

• Transaction date: 2026-03-04; filing date (Form 4): 2026-03-06.
• Transaction type/code: A (Award/Grant); 6,166 TBRSUs granted at $0.00.
• Shares owned after transaction: 6,166 TBRSUs outstanding subject to future vesting (per filing).
• Vesting/settlement notes: TBRSUs vest in three substantially equal annual installments beginning on the first anniversary of the grant (Footnote F2); each TBRSU represents a right to one ordinary share and may be settled in shares or cash (Footnote F1).
• Timeliness: Filed two days after the transaction date; no late‑filing code indicated.

Context This is a compensation award, not an open‑market purchase or sale. TBRSUs do not convey immediate transferable shares and will only convert to shares or cash if/when they vest per the schedule above. Such grants are common for executives and are intended to align management incentives with shareholder value; they should not be interpreted as an immediate bullish or bearish trading signal.